Today’s gold trading ideas: wait and see in the 2640-2680

Today’s gold trading ideas: wait and see in the 2640-2680 range before entering the market


Predicting the price of gold is like predicting the weather – it’s just that the weather doesn’t get it wrong as often! '"

Williams' gold weather forecast:

Theoretical basis: straight lines belong to humans, curves belong to God

Why do we need to draw lines for analysis?

Because price fluctuations are abstract and changing.

Our thinking is concrete and rational.

So we use the method of drawing lines to concretize abstract fluctuations and draw our conclusions.

But is the path you draw correct?

This involves the law of price fluctuations, and we can find the range of high probability.

And based on the laws of the past, deduce the high probability trend that may appear at this moment.

So as a trader:

Trading formula:
Stable mentality + stable trading model + rich long-term trading experience = final profit

Stable mentality = greed/fear = (I hope you can equal 1)

Stable trading model = risk control = (this does not require technology and experience, anyone can do more than 80 points)

Trading experience = a lot of trading time + a lot of trading time + a lot of technical research + a lot of information Interpretation of information (I hope your understanding ability is high enough)

Next, we analyze the trend of gold prices today, as shown in the figure:
It is exactly the same as our analysis yesterday
The next strategy is to wait:
The gold price is in the testing stage of the 2635--2675 range. This range of fluctuations is the idea of ​​intraday trading.

At present, the highest gold price has reached 2665, and the 5-minute cycle belongs to the first wave, which has not ended.

I tend to short gold in the 2665-2675 range, with a stop loss of 2685-2695

I tend to go long gold in the 2635-2645 range, with a stop loss of 2625-2615

However, the current trend is in the middle area, with both ups and downs, and the ups and downs are not complete.
So if we want to improve our winning rate, the best way now is to wait for our entry range.
The next trading ideas, I will post them below the article at a specific time
If you are also interested in my trading, you can leave me a message, I will be very grateful for your feedback.